The Economy, Stupid

With Donald Trump back in the White House, it's boom time for billionaires and tech bros. How much will these changes trickle down to Australia? Plus, you’ve probably noticed those fees racking up, every time you tap your debit card. A push is now on to ban them, but this might have some unexpected - and expensive - consequences. Guests:Megan Flamer - Innovation and organisational development specialist with Monash Business School (and founder of Excited Adults)Michael Janda - ABC News Business Editor.Get in touch:We'd love to hear from you! Email us at theeconomy.stupid@abc.net.au

The Economy, Stupid is your weekly guide to the world of business, economics and finance. Every Thursday, economist Peter Martin is joined by a team of sharp young thinkers for a fresh conversation about the financial stories making headlines and how they might affect you.

Shanthakumar Rajaratnam, Chair of the Sleep Health Foundation, dives into Australia’s sleep crisis, revealing that 1 in 10 Australians suffer from sleep disorders. He emphasizes the staggering economic burdens, estimating that inadequate sleep costs the nation nearly $75 billion annually. The discussion covers the global prevalence of insomnia and sleep apnea, their serious health implications, and the urgent need for public awareness and better treatment options. Rajaratnam also touches on the mixed effects of the COVID-19 pandemic on sleep health.

In this engaging discussion, Ed Conway, Economics and Data Editor of Sky News and author of *Material World*, delves into the pivotal role of six crucial materials: sand, salt, iron, copper, oil, and lithium. He reveals how these resources have shaped civilization and fueled technological progress. Conway highlights the intricacies of global supply chains and the sustainability challenges of lithium mining, while also examining the essential role of fossil fuels in modern life. A captivating exploration of our material world!

Danielle Wood, Chair of the Productivity Commission, provides a deep dive into Australia's economic landscape, reflecting on nine years of change. She discusses the decline of cash transactions and the shift to telehealth post-COVID. The conversation also tackles the staggering losses from poker machines, highlighting the toll on vulnerable individuals. Wood further explores the concept of 'inheritocracy' and how property ownership deepens class divides, stressing the need for urgent market solutions to tackle these pressing issues.

Emma Dawson, Executive Director of Per Capita, and Simon Darcy, Professor of Management at UTS Business School, dive deep into the limitations of the NDIS. They discuss how despite its benefits, the NDIS needs enhancements to support individuals with disabilities in entrepreneurship and philanthropy. The conversation highlights the economic contributions of disabled individuals and the pressing need for increased accessibility in travel. They argue that a truly inclusive society benefits everyone, urging systemic changes to break down barriers.

Not many of us care for Mondays, and statistically it really is the most dangerous day of the week as opposed to Black Friday where the biggest danger is watching your money disappear.Guest:Fleur Brown from the Australian Retailer's AssociationMilad Hagani from the University of NSWAlso, why are we not spending more on upskilling and training our workforce?Andrew Barker Head of Research at CEDA

Wolfgang Munchau, former Financial Times associate editor and author of "Kaput: The End of the German Miracle," sheds light on Germany's precarious economic position. He discusses the dangers of over-reliance on Russian gas and the struggles of traditional industries adapting to digital advancements. The conversation delves into the auto industry's challenges during the electric vehicle transition, the implications of neo-mercantilism, and how state-owned banks can stifle innovation. Munchau also addresses the political ramifications of Germany's economic decline.

Professor Susan Stone, an economics expert at the University of South Australia, and Win-Li Toh, a principal at Taylor Fry, delve into Trump’s economic policies. They discuss the implications of tax cuts, increased borrowing, and how these impact global trade, especially for Australia. The conversation highlights the potential fallout of tariffs on exports and global supply chains. Additionally, they address cybersecurity challenges facing small businesses, emphasizing the need for better defenses against online threats and the risks of underestimating cyber vulnerabilities.

Joining the discussion are Peter Breadon, Program Director at the Grattan Institute, and Dr. Angie Nisson, Clinical Director of Oral Health in Northern NSW. They dive into the alarming state of dental health in Australia, emphasizing the need to include dental care in Medicare. The conversation highlights the financial strain on families, rising untreated dental issues, and the surprising link between oral health and overall well-being. They propose strategic reforms and cost-effective measures, making a compelling case for transforming dental care access in the country.